UPDATE #2: The News & Advance confirms that Perriello will vote “yes,” noting that “he’s convinced that the bill will not use tax dollars for abortion, and also has provisions that could reduce the number of abortions.”

UPDATE #3: Tom Perriello’s statement.

After all of the valid ideological debates, health care reform for me comes down to whether this bill will save money for working families and small business and whether it will keep our hospitals and clinics from closing their doors. It will. At this moment, we either move towards solutions or point fingers while our health care system, our federal treasury, and our middle-class families go bankrupt. I will not sit by while that happens to our nation and our families. I came to Washington to do what is necessary, not what is easy, and reforming our health care system ranks near the top of that list.

This legislation will reduce our federal deficit by $1.2 trillion, and for a family of four making $60,000 a year, they can expect to see their costs lowered by $1,000-$2,000 every year under this legislation, and probably more over time. That is real money back in the pockets of working families at a critical time.

I believe this health care reform legislation is a critical step forward for America. But I cannot support the backroom deals and kickbacks infamously inserted into Senate side, like the Cornhusker Kickback and the Louisiana Purchase. Nor can I support the crushing 40% tax that would fall on many middle-class families under their bill. So I am prepared to vote yes on health care reform as soon as 51 Senators commit to seeing this reconciliation bill through to completion.